Decision on extending the term of the land lease agreement, making amendments and additions to the agreement, and providing an address

What was decided

1. Lease extendedLand plot

   Authorize the head of the Avan administrative district to conclude an agreement on behalf of the Mayor of Yerevan with Ashot Aghahonyan to extend the term of the lease agreement h.18576 dated August 20, 2005, for the land plot occupied by the garage in the yard of building 2, Sayat-Nova street, Avan community, Yerevan, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 16 of the agreement is supplemented with a new paragraph with the following content: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031."

   • Counterparty: Ashot Aghahonyan
   • Owner: Yerevan Municipality

   Object

   2 Sayat-Nova street, Avan community, Yerevan

   Area

   24.2 m²

   Replaced lease agreement h.18576 · Clause 16

   original term

   until September 1, 2031

2. Act amendedLease agreement

   Remove the words "(including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)" from sub-clause 4.2 of the agreement.

   Deleted lease agreement h.18576 · Sub-clause 4.2

   (including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)

   remove "(including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)"

3. Act amendedLease agreement

   Remove the words "and to alienate the attached real estate to the lessor on terms determined by the parties" from sub-clause 4.4 of the agreement.

   Deleted lease agreement h.18576 · Sub-clause 4.4

   and to alienate the attached real estate to the lessor on terms determined by the parties

   remove "and to alienate the attached real estate to the lessor on terms determined by the parties"

4. Act amendedLease agreement

   Remove the words "and to alienate the attached real estate to the lessor" from sub-clause 5.5 of the agreement.

   Deleted lease agreement h.18576 · Sub-clause 5.5

   and to alienate the attached real estate to the lessor

   remove "and to alienate the attached real estate to the lessor"

5. Act amendedLease agreement

   Supplement clause 6 of the agreement with new sub-clauses 6.7, 6.8, 6.9, and 6.10 with the following content: 6.7. In case of a need to change the purpose of use of the leased land plot, the lessor has the right to terminate the agreement in the prescribed manner, having previously notified the lessee one month in advance. 6.8. Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, or the regulation of urban development issues of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the community of Yerevan, or the regulation of other public interest issues, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or ceased on the day following the expiration of three months from the date of receipt of the notification of unilateral withdrawal from the agreement by the lessee, and the state registration of the lease right arising from this agreement is declared invalid based on the application of the lessor in accordance with subparagraph G of part 3 of Article 35 of the Law "On State Registration of Rights to Property". 6.9. The parties hereby unconditionally agree that the written notification of the lessor about unilateral withdrawal from the agreement in accordance with sub-clause 6.8 of the agreement is carried out simultaneously in the following three ways: a. The written notification of the lessor is published on the official websites of the Yerevan Municipality www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am, b. The written notification of the lessor is sent to the lessee's electronic address (mail), if available, c. The written notification of the lessor is sent by postal delivery by registered mail. 6.10. The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the agreement are considered proper and valid. Moreover, from the day of publication of the notification on the mentioned websites, the lessee is considered duly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is its continuous and uninterrupted contractual obligation under any circumstances.

   Added lease agreement h.18576 · Clause 6

   add new sub-clauses 6.7, 6.8, 6.9, and 6.10

6. Act amendedLand plot

   Rewrite clause 8 of the agreement with the following wording: "The annual rent for the land plot, in accordance with subparagraph d of point 1 of clause 40 of the annex to decision No. 463-N of the Yerevan City Council dated December 23, 2025, amounts to 9266 (nine thousand two hundred sixty-six) AMD (24.2 sqm * 38290 * 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is 38290 AMD per 1 sqm."

   Replaced lease agreement h.18576 · Clause 8

   The annual rent for the land plot is 9266 AMD. The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is 38290 AMD per 1 sqm.

   The annual rent for the land plot, in accordance with subparagraph d of point 1 of clause 40 of the annex to decision No. 463-N of the Yerevan City Council dated December 23, 2025, amounts to 9266 (nine thousand two hundred sixty-six) AMD (24.2 sqm * 38290 * 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is 38290 AMD per 1 sqm.

7. Act amendedLease agreement

   Rewrite clause 9 of the agreement with the following wording: "9. In case of a change (increase) in the cadastral value of land approximated to the market value and/or the amount of rent established by decisions of the Yerevan City Council, the Lessor is obliged to notify the Lessee in writing in advance about the new value (rent). In case of an increase in the cadastral value of land approximated to the market value and/or rent, the calculated rent amount is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (refusal of the agreement) before the end of the corresponding 15-day period."

   Replaced lease agreement h.18576 · Clause 9

   Clause 9

   Rewrite clause 9 with the following wording: "9. In case of a change (increase) in the cadastral value of land approximated to the market value and/or the amount of rent established by decisions of the Yerevan City Council, the Lessor is obliged to notify the Lessee in writing in advance about the new value (rent). In case of an increase in the cadastral value of land approximated to the market value and/or rent, the calculated rent amount is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (refusal of the agreement) before the end of the corresponding 15-day period."

8. Address assignedReal estate object

   Grant the address "Sayat-Nova neighborhood, 2/2" to the garage belonging to Ashot Aghahonyan.

   • Owner: Ashot Aghahonyan

   Object

   Sayat-Nova neighborhood, 2/2

9. Execution assignedReal estate object

   Instruct the Real Estate Management Department of the Yerevan Municipality Administration to send information regarding the address of the real estate granted based on this decision to the Yerevan territorial unit of the State Committee of the Real Estate Cadastre of the Republic of Armenia and the relevant unit and department of the Police of the Republic of Armenia in Yerevan, and to the head of the Avan administrative district within 3 working days.

   • Executor: Yerevan Municipality Administration's Real Estate Management Department
10. Oversight assignedMunicipal act

    The control over the execution of this decision is ensured by the First Deputy Mayor of Yerevan A. Pambukhchyan.

    • Oversight: A. Pambukhchyan

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